218 Ruby Street represents a rare opportunity for investors or developers to purchase a RBR-3A zoned duplex on a corner lot. This prime location is both west of PCH and south of Torrance Blvd and just 2 short blocks to the beach. Located on a tree lined street with charming craftsman bungalows nearby, the existing duplex is two 2 bedroom, 1 bath units - one up and one down. For the eager investor, there is a great read more opportunity to upgrade the units and capture up to 46% upside in gross rents. The lot usage of existing improvements leaves plenty of room to explore options to add more square footage or a potential ADU on the property. Buyers will want to check with the city of Redondo Beach for potential redevelopment of larger units on this perfectly located corner lot property. Please do NOT disturb the tenants or walk the property. See agent comments for additional information and supplements.
This listing provided courtesy of California Regional Multiple Listing Service ("CRMLS"). The information contained in this listings had not been verified by us or the MLS and should be verified by the buyer.
Last Updated: Jul 30th, 2021. Source: CRMLS